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   P544    Teletext   544 Jul 8 21:11527

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           /         (,/ *%             

 --- REMORTGAGING OR CHURNING? ---------

                                        

 Brokers Smith New Court say of those   

 wUth a mortgage, 33% of transactions   

 were to remortgage rather than move, in

 lhe fUrst quarter of 1995-             

                                        

 ■ This figure follows a 25% increase   

   in remortgaging in 1994.             

                                        

 ###### $ Remortgaging is likely to 

   z3     grow Yn popularUty putting

   .,     lenders profits under     

 ||($||   pressure as they try to   

 5~}j   hgld on to customer1.     

 ----------------------------------2/5- 

 Latest money news 541 City news 501    

    GETTING .ALUE FOR YOUR MONEY p674   

                                        

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